SHIB hovers near $0.0000061, testing critical resistance for a potential short-term rebound.
Supply burns, whale activity, and Shibarium adoption may drive bullish momentum.
Breaking $0.00000650 could target $0.00000750, while failing $0.0000060 risks further declines.
Shiba Inu price hovered around $0.0000061 on Sunday as traders watched the market cautiously. The token moved through a short consolidation phase, signaling that a critical level could soon determine its next direction. After months of decline, any sign of recovery would excite both long-term holders and short-term traders. With technical indicators hinting at potential changes, many investors are closely monitoring SHIB for breakout opportunities that may emerge in the coming days.
🔍 #Shiba Inu Price Feb 2026: Will $SHIB Rise Soon?
The market shows $SHIB approaching a critical level that may determine whether a #recovery can begin after a prolonged decline.
Full story in comments 👇 pic.twitter.com/reAaVWdbmx
— CoinGape (@CoinGapeMedia) February 22, 2026
A market-wide recovery could push Shiba Inu upward. Bitcoin remains above $67,000, and Ethereum trades steadily above $1,900. Historically, gains in major cryptocurrencies often spill into meme tokens, creating momentum for SHIB. Supply dynamics also influence price action. Shiba Inu has a high circulating supply compared to similar tokens. Recent burns reduced supply by about 3.45 million tokens, though the 24-hour burn rate dropped 49 percent.
Sustained burns could spark scarcity, potentially boosting demand and encouraging speculative trading. Shibarium, the Layer-2 scaling solution, plays a key role in token utility. Expansion of decentralized applications, gaming, and DeFi projects could strengthen SHIB’s position beyond its meme origins. Greater adoption may drive more transactions, increasing the token’s practical relevance. Whale activity may also signal confidence.
Large buyers moving SHIB off exchanges reduce available supply, often prompting retail traders to view the market as bullish. Positive sentiment can intensify when on-chain data confirms active accumulation by experienced investors. Technical analysis provides additional clues. Analysts watch resistance levels closely.
Shiba Inu traded at $0.00000618 amid market pressure, slipping 4 percent in 24 hours. The MACD approached the zero line, reflecting weak momentum, while the signal line stayed above the MACD, showing declining bullish strength. RSI settled at 35, placing SHIB near oversold conditions. This suggests bearish pressure but leaves room for a short-term rebound.
A decisive move above $0.00000650 could trigger a climb toward $0.0000070. Sustained momentum may push the token to the next resistance at $0.00000750. Breaking this barrier could set sights on $0.000011, a long-term upside target. On the downside, losing support at $0.0000060 could accelerate declines. A drop to $0.00000550 may follow, and extended weakness could test the lower band near $0.0000050.
Overall, Shiba Inu faces a pivotal period. Market conditions, technical indicators, and ecosystem developments could combine to spark a meaningful rally. Traders and investors need to watch resistance levels, supply trends, and whale activity closely. A breakout above key barriers may provide fresh optimism, while failure to hold support could prolong bearish pressure. SHIB remains on a knife’s edge, with potential for both recovery and continued decline in February 2026.
Related Articles
Shiba Inu Open Interest Drops to $59 Million as Price Tests Support at $0.000006 - U.Today
Shiba Inu Forms Death Cross as $0.00000590 Support Holds
XRP Sees 6% Increase as Bollinger Bands Signal Momentum, Bitcoin ETFs Record Renewed Inflows, 549 Billion SHIB Enter Circulation — U.Today Crypto Digest - U.Today